Sorry for my ignorance but what does this chart actually mean?
yes you should
Thanks for the answer, or perhaps just have text in the chart saying ASK/BID volumes
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31051. (Read 26713355 times)
December 16, 2013, 10:35:13 AM
Sorry for my ignorance but what does this chart actually mean?
yes you should
Thanks for the answer, or perhaps just have text in the chart saying ASK/BID volumes
December 16, 2013, 10:32:56 AM
it is still early for me to buy back, maybe I will wait for 600-650 if this wont happen, than I will withdraw my cash 
, But I am still not convinced about going up, I think we will be testing the 600 today-tomorrow
, But I am still not convinced about going up, I think we will be testing the 600 today-tomorrowexactly same here. 20k waiting for real cheap stuff, if it doesn't happen, I'm way overdue to withdraw some fiat from my bitcoin adventure.
December 16, 2013, 10:32:45 AM
IF CHINESE PEOPLE ARE WORRIED THAT BANKS WILL STOP PROCESSING PAYMENTS TO EXCHANGES WHY ARE THEY SELLING THEIR COINS ON THOSE EXCHANGES FOR FIAT. WOULDN'T IT MAKE MORE SENSE FOR PEOPLE WITH FIAT TO BUY LIKE CRAZY SO THEY CAN EASILY GET THEIR COINS OUT OF THE EXCHANGE ?
1. most small investors cannot create accounts on western exchanges
2. the FUD says they have time until Jan 31 to withdraw fiat from the bank.
December 16, 2013, 10:31:46 AM
Sorry for my ignorance but what does this chart actually mean?
it means alot.
its shows everyones bids and ask.
you should not focus solely on the bids and asks to do your trading, but it a useful piece of info.
You could see it on many other places in some normal, not fancy-confusing way. Ignored for months
this chart is for the pros
its not at all confusing when you understand this bid/ask sum, charts.
I must be a proud amateur then
I don't need any 3d fancy chart to check bid and ask sums.
December 16, 2013, 10:29:08 AM
it is still early for me to buy back, maybe I will wait for 600-650 if this wont happen, than I will withdraw my cash , But I am still not convinced about going up, I think we will be testing the 600 today-tomorrow
, But I am still not convinced about going up, I think we will be testing the 600 today-tomorrow600$ that way to low, everyone will panic sell into our bids
December 16, 2013, 10:27:26 AM
it is still early for me to buy back, maybe I will wait for 600-650 if this wont happen, than I will withdraw my cash , But I am still not convinced about going up, I think we will be testing the 600 today-tomorrow
, But I am still not convinced about going up, I think we will be testing the 600 today-tomorrow 
December 16, 2013, 10:25:50 AM
1.947 BTC profit after covering my previous losses. Had a couple of near-botched trades on these waves, but managed to recover.
Now I am going to be a disciplined guy and transfer this profit from the exchange and to cold storage.
My current strategy is to trade with a fixed BTC sum. Once I am over it, the excess gets transferred out until both sums are in balance, at which point, I will increase my trading threshold a little.
Now I am going to be a disciplined guy and transfer this profit from the exchange and to cold storage.
My current strategy is to trade with a fixed BTC sum. Once I am over it, the excess gets transferred out until both sums are in balance, at which point, I will increase my trading threshold a little.
That's actually a good idea for me as well. I do most of my trading on Stamp (My volume there means I have lower fees) but it also means there can be quite a lot of slippage in price when trading. It's not really helpful to keep trading a growing pot as eventually you stop being able to buy/sell all of it at one good price.
December 16, 2013, 10:24:32 AM
I went full BTC again when I had a chance to buy back at a few percent profit. I'm not good at being bearish.
To da moon? Anyone? Damn it.
To da moon? Anyone? Damn it.
Hey, people on wall street would kill for a few percent profit. You're not getting even a "full" procent at your local bank with your savings account. Be happy! You made a successful trade!
Thanks, it already feels a little better. Full BTC has been a decent position historically, so let's say I just made a few percent gain on my future millions.
December 16, 2013, 10:22:06 AM
I went full BTC again when I had a chance to buy back at a few percent profit. I'm not good at being bearish.
To da moon? Anyone? Damn it.
To da moon? Anyone? Damn it.
Hey, people on wall street would kill for a few percent profit. You're not getting even a "full" procent at your local bank with your savings account. Be happy! You made a successful trade!
Thanks, it already feels a little better. Full BTC has been a decent position historically, so let's say I just made a few percent gain on my future millions.
December 16, 2013, 10:22:00 AM
Sorry for my ignorance but what does this chart actually mean?
it means alot.
its shows everyones bids and ask.
you should not focus solely on the bids and asks to do your trading, but it a useful piece of info.
You could see it on many other places in some normal, not fancy-confusing way. Ignored for months
this chart is for the pros
its not at all confusing when you understand this bid/ask sum, charts.
December 16, 2013, 10:19:48 AM
1.947 BTC profit after covering my previous losses. Had a couple of near-botched trades on these waves, but managed to recover.
Now I am going to be a disciplined guy and transfer this profit from the exchange and to cold storage.
My current strategy is to trade with a fixed BTC sum. Once I am over it, the excess gets transferred out until both sums are in balance, at which point, I will increase my trading threshold a little.
Now I am going to be a disciplined guy and transfer this profit from the exchange and to cold storage.
My current strategy is to trade with a fixed BTC sum. Once I am over it, the excess gets transferred out until both sums are in balance, at which point, I will increase my trading threshold a little.
December 16, 2013, 10:19:28 AM
Sorry for my ignorance but what does this chart actually mean?
it means alot.
its shows everyones bids and ask.
you should not focus solely on the bids and asks to do your trading, but it a useful piece of info.
You could see it on many other places in some normal, not fancy-confusing way. Ignored for months
December 16, 2013, 10:19:26 AM
so wow that drop
i guess bitmovements really is always right
i guess bitmovements really is always right
December 16, 2013, 10:19:16 AM
Sorry for my ignorance but what does this chart actually mean?
Shouldn't we make a sticky out of the answer to this question? yes you should
December 16, 2013, 10:18:40 AM
Sorry for my ignorance but what does this chart actually mean?
it means alot.
its shows everyones bids and ask.
you should not focus solely on the bids and asks to do your trading, but it a useful piece of info.
December 16, 2013, 10:16:27 AM
Sorry for my ignorance but what does this chart actually mean?
December 16, 2013, 10:13:56 AM
Sorry for my ignorance but what does this chart actually mean?
yes you should
December 16, 2013, 10:09:02 AM
Sorry for my ignorance but what does this chart actually mean?
December 16, 2013, 10:08:38 AM
Sorry for my ignorance but what does this chart actually mean?
Asks and bids depth on MtGox portrayed on extremely confusing and stupid artistic way.
December 16, 2013, 10:08:36 AM
Sorry for my ignorance but what does this chart actually mean?
From here it looks a massive wall of cash just waiting for the price to get low enough to wash like a tusnami up the charts. Or at least I hope so.
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